Korean Air completes Asiana acquisition: Travel Weekly

Korean Airlines has completed its acquisition of Asiana, South Korea’s second-largest carrier. 

The $1.3 billion deal, which gives Korean a 64% stake in Asiana, came four years after the airlines reached a merger agreement during the thick of the Covid-19 pandemic. 

The merger makes Korean Air the 11th largest airline in the world in terms of international weekly seats, up from 22nd, according to a CAPA Centre of Aviation analysis. Asiana had been 40th on the list.

The merger also gives the…